The UK Coal pension schemes have taken a controlling stake in a property business that was split off from the scheme's sponsoring employer in an attempt to plug a £450m deficit.
The restructuring, which the mining firm said was on an "unprecedented scale", was revealed in November and has split the company into a mining and a property division (PP Online 5 November). In statement...
The proposed cold-calling ban may be ineffective if a collaborative regulatory approach between the UK and the European Union (EU) is not maintained post-Brexit, the Pensions Management Institute (PMI) has warned.
Some 56% of defined contribution (DC) asset managers do not believe they will have transaction cost information in time for pension funds' March year-end statements, according to Lane Clark & Peacock (LCP) research.
NEST has appointed Clive Elphick, Martin Turner, Mutaz Qubbaj and Chris Hitchen as trustee members of its reshaped board.
Most people want to avoid investing in projects that contribute to climate change, and would consider moving to another less-exposed provider, according to a survey commissioned by ClientEarth.